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An incomplete markets life-cycle model with indivisible labour makes career lengths and human capital accumulation respond to labour tax rates and government supplied non-employment benefits. We compare aggregate and individual outcomes in this individualistic incomplete markets model with those...
Persistent link: https://www.econbiz.de/10005656326
and lagged relationships between the rates of inflation, unemployment, and change in labour force. For France, several … unemployment within the Phillips curve framework. Following the original problem formulation by Fisher and Phillips, the set of … study has validated the reliability and accuracy of the linear and lagged relationships between inflation, unemployment, and …
Persistent link: https://www.econbiz.de/10011109998
be called Embodied Human Capital Unemployment. This is a phenomenon not seen before in social history, simply because … around for a while as we all live our lives. I illustrate the relevance of this new concept of unemployment to the U …
Persistent link: https://www.econbiz.de/10008596380
plot of seasonal adjusted quarterly data between the change of nominal wage rates and the unemployment rate shows a picture …
Persistent link: https://www.econbiz.de/10008587820
longer hours. By contrast, a higher probability of losing jobs, a longer duration of unemployment, and in general a less …
Persistent link: https://www.econbiz.de/10005136435
system, incl: services provided in institutions; services provided in the society; services provided to elderly people at … home by institutions or by society; home care for elderly by family members and other services for disabled people; medical … provided in the community and in the family, as well as by services provided in institutions. The providers of the services …
Persistent link: https://www.econbiz.de/10011260590
This paper investigates whether on-the-job training has an effect on the employability of workers. Using data from the Netherlands we disentangle the true effect of training incidence from the spurious one determined by unobserved individual heterogeneity. We also take into account that there...
Persistent link: https://www.econbiz.de/10008921779
There is a considerable empirical literature which compares wage levels of workers who have studied at secondary vocational schools with wages of workers who took academic schooling. In general, vocational education does not lead to higher wages. In some countries where labour markets are...
Persistent link: https://www.econbiz.de/10005123991
Economic theory tells that a command system allocates resources poorly because of the impossibility of economic calculation. Therefore, once prices are freed and start to operate at quasi-equilibrium (market-clearing) levels, the hidden inefficiencies come into the open and a massive resource...
Persistent link: https://www.econbiz.de/10005837452
We study the interactions and dynamics of human capital, growth and inequality by explicitly embedding networks into a standard endogenous growth model with overlapping generations. The human capital of a household depends on investment in education and on average human capital of the...
Persistent link: https://www.econbiz.de/10011201356